Analysis by Forex Royals
Currency: EUR/CAD
Trend Expected Direction: Down .
Method: Fibonacci Trading.
Description: After breaking below the rising trend line yesterday the pair is testing the 38.2 Fibonacci and it might be a good point to enter the new trend.
Recommendation: Short any where between 1.3240 and 1.3260
Target Area: TP1 1.3200 TP2 1.3160
Stop Loss: 1.3350